Hey there aspiring New Mexico CPAs! Congratulations on passing the CPA Exam!! When you began the journey to become a licensed CPA, you probably felt that becoming a licensed CPA was unobtainable, perhaps even out of this world!
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Fortunately for you, you are one step closer to become a licensed CPA. Read on to find out about the New Mexico CPA licensing process.
The Land of Enchantment CPA Licensing Process
In order to get your CPA license in New Mexico, you need to pass the AICPA Professional Ethics Exam. This exam is composed of 40 multiple choice questions. You need to score a 90 percent or higher to pass the exam, but fortunately, it is open book. Additional information about the ethics requirement can be found here.
For work experience, New Mexico requires that you have at least one year of accounting related experience and no fewer than 2,000 hours. You can earn related accounting experience in public accounting, industry, government, or academia. Once you have your work experience, please complete Section I the Work Experience Verification Form and have your verifying CPA complete Section II.
Once you have your work experience completed, all that is left for you to do is to fill out the Application for a Certified Public Accountant (CPA) Certificate. You will need to make sure that you submit the following to the New Mexico Public Accountancy Board:
- Application for an Initial New Mexico Certificate
- $175 Application Fee
- 2” x 2” photo
- Fingerprint Background Check Documents
- Experience Verification Form
- Passing Scores for Ethics Examination
Please keep in mind that you will need 150 credit hours to become a licensed CPA in New Mexico. Although you could have passed the CPA Exam with a four year degree (120 credit hours), you will need to ensure that you earn the extra 30 credit hours. If you have any additional questions about licensing requirements, you can also consult www.thiswaytocpa.com and your state board for up to date information.